Yangjie Technology(SZ:300373) Mei Ri Jing Ji Xin Wen·2025-09-17 22:32Core Viewpoint - Yangjie Technology (300373.SZ) announced a cash acquisition of 100% equity in Better Electronics, with a total transfer price of RMB 221.8 million, making Better Electronics a wholly-owned subsidiary after the transaction [1][5]. Transaction Details - The acquisition is based on an equity valuation of RMB 222 million, resulting in a valuation increment of RMB 162.08 million, representing a 270.46% increase compared to the book value of RMB 59.92 million [5]. - The transaction is classified as a related party transaction and requires approval from the shareholders' meeting, where related shareholders will abstain from voting [5]. - There are performance guarantees in place, with a commitment for Better Electronics to achieve a net profit of no less than RMB 555 million from 2025 to 2027. If the profit falls below 90% of this target, the performance guarantor will compensate up to RMB 1.108 billion [5]. Company Overview - Better Electronics, established in 2003, specializes in power electronic protection components, serving industries such as automotive electronics and renewable energy, with clients including Midea, Gree, and BYD [8]. - Yangjie Technology, founded in 2000, transitioned from a trading company to a manufacturing entity in 2006 and was listed on the Shenzhen Stock Exchange in 2014. In 2022, it reported revenue of RMB 5.404 billion and a net profit of RMB 1.06 billion [9][11]. Financial Performance - In the first half of 2025, Yangjie Technology achieved revenue of RMB 3.455 billion, a year-on-year increase of 20.58%, and a net profit of RMB 601 million, up 41.55% [11][12]. - The company reported a net cash flow from operating activities of RMB 757 million, reflecting a 43.43% increase compared to the previous year [12].